Calif. Court Invokes ‘Emperor’s New Clothes’

(CN) – A California appeals court reinstated a lawsuit accusing Marvell Semiconductor of misappropriating trade secrets from a now-bankrupt company, saying Marvell’s claim that the bankruptcy wiped out any litigation rights “employs … an ’emperor’s new clothes’ strategy.” Read more >

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Judge Orders CENTCOM to Supply Taliban Papers

(CN) – A federal judge ordered U.S. Central Command to dig deeper in its search for┬ádocuments regarding a mass gravesite of Taliban fighters in Afghanistan, saying the government did not fully comply with a Freedom of Information Act request. Read more >

Judge Tosses Circus Elephant Cruelty Case

(CN) – A federal judge dismissed for lack of standing an animal cruelty lawsuit against the owner of the Ringling Bros. and Barnum & Bailey traveling circus, saying the lead plaintiff, a former elephant caretaker, had received nearly $200,000 in illegal payouts from animal rights advocates. Read more >

Obama Warns Against Spread of Anti-Islamic Sentiment

WASHINGTON (CN) – On the eve of the ninth anniversary of the Sept. 11 terrorist attacks, President Obama warned against the possible spread of anti-Islam sentiment in the United States as “a way of getting attention,” sparked by a Florida pastor’s threat to hold a mass Quran burning Saturday. Read more >

Bernanke Calls for Better End to ‘Too Big to Fail’

WASHINGTON (CN) – Federal Reserve Chair Ben Bernanke called for a more concrete end to the era of “too big to fail” institutions during a Financial Crisis Inquiry Commission hearing Thursday, saying a promise by the Obama administration that the government will not bail out large Wall Street firms in the future is not enough. Read more >

Ex-Lehman Bros. CEO Faults Regulators for Bankruptcy

WASHINGTON (CN) – Former Lehman Brothers CEO Richard Fuld said Wednesday that federal regulators forced Lehman into bankruptcy by failing to grant the firm the same taxpayer bailout assistance it gave Lehman’s competitors such as Goldman Sachs and Morgan Stanley. Read more >

Beck’s Rally Draws Thousands to Mall

WASHINGTON (CN) – Tens of thousands of people gathered on the National Mall Saturday for a rally called “Restoring Honor,” hosted by Fox News talk show host Glenn Beck. Held on the 47th anniversary of Martin Luther King Jr.’s “I Have a Dream” speech on the National Mall, Beck claimed the gathering “has nothing to do with politics. It has everything to do with God.” Read more >